Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

In his Rose Garden speech at the White House on Wednesday (2 April), Trump pledged 20% levies on European Union imports and 10% on imports coming from the UK. "European Union, they are very tough…traders. And you think of European Union [as being] very friendly, they rip us off, it is so sad to see. It is so pathetic," Trump told reporters. In addition, the US president slapped another 34% tariff on China, bringing the total to 54% after another 20% previously imposed, while Japan was dealt with 24% in levies. He called product trade deficits "no longer merely an economic prob...